New Real Estate Projects Need to Show RERA Registration Number..!

Since now RERA is implemented and regulators are already
in place, am I assured of timely delivery and covered against
misrepresentation?

Can I ask a developer to share its RERA registration
number?

RERA is created to protect the home
purchases made by end users putting in their hardearned money. The main aim of
RERA is to ensure that whatever a builder promises, the same is delivered. The
developer is obliged to give the purchaser all information on the proposed
apartment and if there is anything that the purchaser sees is not been
honoured, that can be raised with the regulatory authority for redressal.

As a purchaser, you can ask to see a
copy of the RERA registration, though every project since May 1, 2017 is
required to carry the RERA registration number on any and all marketing and
advertising material.

Is it better to opt for a RERA-registered property if am
looking to finance it through home loans?

Banks when loaning to individuals are
looking for properties that are clean title and have no legal hassles like
multiple claimants, track record of the developer, any bad debts, any
additional leverages on the property, etc.

Having a RERA certification will add to
the sheen of a project for its eligibility for home loans. The eligibility
criteria for an individual applying for home loans remains the same.